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SALARY PAYMENT IN Thai baht (THB, ฿)
CONTRACT LANGUAGES Thai / English
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As of 2022, the Ministry of Labor increased the minimum wage in Thailand by 5%. The minimum wage varies by region but from 328 Baht daily to 354 THB or $10.20 USD per day with the current exchange rate. This works out to be between 9000 Baht and 10000 Baht or $261 USD monthly.
There is regional disparities between minimum wage. The lowest mandated minimum wage starts at 328 Baht per day can be found in the most southern regions, and goes up to 354 Baht in more populous areas such as Bangkok and Phuket.
From 2021 to 2022, the minimum wage in Thailand saw an increase of around 5-8%, depending on the region. This was the first increase in over 2 years by the MOL.
Thailand’s Ministry of Labour is set to increase the minimum wage in 2024, which will likely be announced in December 2023. While the exact rate is yet to be confirmed, it’s expected to exceed inflation but fall short of the proposed daily 400 baht (US$11.12) to mitigate the impact on SMEs. The country’s minimum wage last saw an adjustment in October 2022, varying from 328 baht to 354 baht across different provinces.
The ruling Pheu Thai party had aimed for a 600 baht daily wage by 2027 as part of its campaign. However, with incremental annual increases, this target may be adjusted to a figure near that rate. Concerns about a significant hike leading to higher business costs and potential relocation of production to other ASEAN countries have led to a more cautious approach.
Wage increases are determined by a tripartite Wage Committee, considering factors like the cost-of-living index, inflation, production costs, and regional economic structures. The Ministry of Labour oversees this process, conducting annual surveys to gauge the necessary adjustments per province. Despite the recent low inflation rate, the decision on the new minimum wage will consider a broad range of economic and social conditions.
Minimum wages have been revised in Thailand with effect from 01 January 2024. The minimum wage in Bangkok has increased from THB353.00 to THB363.00 per day.
| Date | Min. wage, daily rate (THB) |
|---|---|
| 2022 | 354 |
| 2021 | 336 |
| 2020 | 331 |
| 2018 | 325 |
| 2017 | 305 |
| 2016 | 300 |
The minimum wage in Thailand is within the top 10 highest in the ASEAN region. Countries such as Australia, New Zealand, Japan, South Korea, China, Hong Kong and Taiwan have the highest minimum wages in the region.
There is different minimum wages for foreigners coming to live and work in Thailand. This differs based on nationality. The difference in minimum wage are as follows:
As you can see from the above, in some cases, some foreigners are entitled to five times the minimum wage of local Thai workers.
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There is a significant difference between the reported median salary and minimum wage in Thailand. The median monthly salary is around 100,000 Baht per month or 2900 USD.
It may be possible to hire local and foreign skilled workers for less than the reported minimum wage requirements. Unfortunately, some companies ignore these minimum wage guidelines and offer less in full time contracts.
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Headquarters – Singapore
71 Robinson Road #13-153
Singapore 068895
+65 3105 1170
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
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